Coronavirus to eliminate fossil fuel demand
The International Energy Agency (IEA) has said that the coronavirus pandemic will “wipe out” demand for fossil fuels.
A recent report from the IEA said the drop in energy demand, partly caused by coronavirus lockdowns around the world, would trigger “multi-decade lows” for the world’s consumption of oil, gas and coal while renewable energy continued to grow.
Speaking to the Guardian, Fatih Birol, IEA executive director, said, “the energy industry that emerges from this crisis will be significantly different from the one that came before.”
The report follows the news that the UK has gone without coal-fired power generation for more than 18 days – the longest duration since 1882.